Shares of companies engaged in the quick-service restaurant (QSR) business were in focus on Wednesday as the stock of recently listed Burger King India (BKIL) was locked in upper circuit of 20 per cent for the third straight day, following a stellar debut at the bourses on Monday.
Shares of Westlife Development rallied as much as 13 per cent to Rs 476 on the BSE on the back of a six-fold jump in trading volumes. The stock was trading close to its 52-week high of Rs 500, touched on February 4, 2020.
Westlife Development focuses on putting up and operating QSR in India through its subsidiary Hardcastle Restaurants Pvt. Ltd. The company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.